Ashmore Group (ASHM) Sets New 52-Week High at $401.90

Ashmore Group plc (LON:ASHM) shares hit a new 52-week high during trading on Monday . The company traded as high as GBX 401.90 ($5.37) and last traded at GBX 400.80 ($5.36), with a volume of 250194 shares traded. The stock had previously closed at GBX 400.80 ($5.36).

A number of equities analysts recently issued reports on ASHM shares. JPMorgan Chase & Co. raised Ashmore Group to a “neutral” rating and increased their price objective for the stock from GBX 350 ($4.68) to GBX 395 ($5.28) in a report on Wednesday, December 13th. Jefferies Group upped their target price on Ashmore Group from GBX 331 ($4.43) to GBX 370 ($4.95) and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Citigroup restated a “neutral” rating and issued a GBX 370 ($4.95) target price on shares of Ashmore Group in a research report on Wednesday, October 18th. Macquarie restated a “neutral” rating and issued a GBX 384 ($5.13) target price on shares of Ashmore Group in a research report on Wednesday, October 18th. Finally, Berenberg Bank increased their price objective on Ashmore Group from GBX 380 ($5.08) to GBX 410 ($5.48) and gave the company a “buy” rating in a research report on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 365.18 ($4.88).

The firm has a market cap of $2,840.00 and a PE ratio of 1,670.00.

In other Ashmore Group news, insider Clive Adamson purchased 934 shares of the stock in a transaction on Friday, October 13th. The shares were purchased at an average cost of GBX 374 ($5.00) per share, for a total transaction of £3,493.16 ($4,670.62).

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Ashmore Group Company Profile

Ashmore Group plc is a United Kingdom-based company, which operates as a specialist emerging markets asset manager. The Company offers a range of investment themes, such as external debt, local currency, corporate debt, blended debt, equities, alternatives, multi-strategy and overlay/liquidity. Its geographical segments include United Kingdom, United States and Others.

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